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WASHINGTON (Reuters) - The U.S. consumer watchdog is investigating companies that link cash-strapped wage earners to payday lenders, according to a document on the Consumer Financial Protection Bureau's (CFPB) website.

Tree.com Loses Lending-Patent Trial Against Zillow, Nextag Bloomberg Tree.com Inc., (TREE) operator of the LendingTree.com home loan site, lost a trial in which it accused competitors including Zillow Inc. of infringing patents related to ways to borrow money over the Internet. Zillow, operator of the largest real-estate information&nbsp; ...

Based on local realtor/MLS reports I have seen across the country, I estimate that US existing home sales as measured by the National Association of Realtors ran at a seasonally adjusted annual rate of about 4.60 million in February, down 0.4% from January's seasonally adjusted pace. There is little doubt that severe weather in many parts of the country contributed to last month's weak sales, as was the case in many areas in January.

Senate&#39;s Fannie Mae Wind-Down Plan Faces High Political Hurdles Bloomberg A bipartisan U.S. Senate plan to dismantle Fannie Mae (FNMA) and Freddie Mac must clear many political hurdles in a short time if it is to become law, leaving narrow chances of a housing-finance overhaul being enacted this year. Senate Banking Committee&nbsp; ... and more&nbsp;&raquo;

The legislative outline released yesterday by Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) will not protect taxpayers from future bailouts.&nbsp; The proposed legislation will almost certainly include a new explicit government guarantee for a large swath of the home mortgage market.

John L. Culhane, Jr. Last Friday, the CFPB published a notice in the Federal Register about its plans to seek approval from the Office of Management and Budget "to conduct a mail survey of consumers to learn about their experiences interacting with the debt collection industry." According to the CFPB&#8217;s survey explanation submitted to OMB, the CFPB plans to mail... More &#62;

Southern California February Home Sales Lowest Since 2008 March 12, 2014 La Jolla, CA---Southland home sales dropped to the lowest level for a February in six years as many would-be buyers struggled with inventory constraints, credit hurdles and reduced affordability. The median price paid for a home edged up slightly from January and remained nearly 20 percent higher than a year earlier, a real estate information service reported. A total of 14,027 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. That was down 3.1 percent from 14,471 in January, and down 12.0 percent from 15,945 sales in February 2013, according to San Diego-based DataQuick. On average, sales have increased 0.7 percent between January and February since 1988, when DataQuick's statistics begin. February sales have ranged from a low of 10,777 in 2008 to a high of 26,587 in 2004. Last month's Southland sales were 20.1 percent below the average number of sales - 17,560 - for February since 1988. Sales haven't been above average for any particular month in more than seven years. "February was another month with lackluster home sales, and the fifth in a row where sales fell short of the same month a year earlier. The March-through-May data will give us a better sense of what's been holding back activity the most - supply constraints or the double-whammy of higher prices and higher mortgage rates. The drop in housing affordability is enough to nudge some out of the market. Other would-be buyers have no doubt called 'time out' while re-evaluating their housing priorities, or watching for signs the market has overshot a sustainable price level," said John Walsh, DataQuick president. "But there's still reason to expect significant pressure on the market," he added. "The economy is growing, creating jobs. People who lost homes to a short sale or foreclosure over the last eight years...

President Obama's nominees for Federal Reserve are slated to appear Thursday before the Senate Banking committee for their confirmation hearing. Here's a quick refresher on who the candidates are and how they could shape the central bank: Read full article &#62;&#62; &nbsp; &nbsp; &nbsp; &nbsp;

The housing sector is one of the pillars of the U.S. economy. That's why we have marveled at the many partisan and radical proposals to... The post Sens. Johnson, Crapo On The Right Track to Housing Reform appeared first on Progressive Policy Institute .

Mortgage Investors to Send Letters on Ocwen &#39;Servicing Abuses&#39; Bloomberg Holders of residential mortgage-backed securities are planning to communicate with trustees and master servicers about Ocwen Financial Corp. (OCN)&#39;s practices, according to the Association of Mortgage Investors. The group "unites RMBS around criticism&nbsp; ...

WASHINGTON (Reuters) - The Federal Reserve is expected to start raising U.S. interest rates in the third quarter of next year as the unemployment rate falls and the economy charts a new path of stronger growth, a Reuters survey of economists showed.

WASHINGTON (MarketWatch) -- Common shares of Fannie Mae and Freddie Mac dropped in early trading Wednesday, extending Tuesday's plunge, when investors sold stock after senators released a blueprint for winding down the federally controlled mortgage buyers. Common shares of Fannie were recently off 17%, while shares of Freddie were down 18%. The most heavily traded preferred shares also slumped in early Wednesday morning trading, down 10% for Fannie and 7% for Freddie .

Fed Inflation Goal Is Elusive as U.S. Rents Stabilize: Economy Bloomberg Federal Reserve efforts to nurture a more robust rate of inflation this year are likely to fall short. The reason: the biggest gains in rents are probably over. The costs to lease residential real estate, the second-biggest component of the price measure tracked by&nbsp; ...

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